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International

Shell and Aker BP cancel Maersk Drilling’s rig contracts

Shell and Aker BP cancel Maersk Drilling’s rig contracts   Danish offshore drilling contractor Maersk Drilling has received notices of…
International

Brazil tops savers list as countries with currencies hit by Covid-19 see production costs shrinking

Brazil tops savers list as countries with currencies hit by Covid-19 see production costs shrinking   Global currencies have depreciated…
International

US shale oil output set to drop in 2020 as cuts forecast to reach more than 2 million bpd in last quarter

US shale oil output set to drop in 2020 as cuts forecast to reach more than 2 million bpd in…
International

Offshore Drilling Starts for Qatar Mega-Project

Offshore Drilling Starts for Qatar Mega-Project   Qatar Petroleum (QP) reported Wednesday that it has begun the offshore development drilling…
International

Petrobras Hibernates 62 Platforms

Petrobras Hibernates 62 Platforms   Petrobras revealed Wednesday that it has begun hibernating 62 platforms in shallow water fields in…
International

COVID-19 demand update: Oil seen down 9.6%, jet fuel down 31%, road fuel down 9.6% in 2020

COVID-19 demand update: Oil seen down 9.6%, jet fuel down 31%, road fuel down 9.6% in 2020   Rystad Energy’s…
International

Oil prices hardly changed as market waits for more news – Rystad Energy comments

Oil prices hardly changed as market waits for more news – Rystad Energy comments   Oil prices are largely unchanged…
International

$20 Oil Could Crush Brazil’s Offshore Oil Boom

$20 Oil Could Crush Brazil’s Offshore Oil Boom   Brazil has suspended its 17th licensing round which would have seen…
International

Saipem Crew in Isolation after COVID-19 Case on Pipelaying Vessel

Saipem Crew in Isolation after COVID-19 Case on Pipelaying Vessel   Several crewmembers aboard Saipem’s offshore vessel FDS in a…
International

Wood grows US renewables business with onshore wind contracts worth $100m

Wood grows US renewables business with onshore wind contracts worth $100m   Wood, the global engineering and consulting company, has…

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